Planting Intentions

摘要

Although acreage increases of 20 to 25 percent have been talked about all winter, the United States Department of Agriculture's National Agriculture Statistics Service says that producers only intend to plant 1.48 million acres in 2015, up 9 percent from the previous year. A modest increase such as this would be most beneficial to producers and the market moving through this year and into next.The expected increase in planted peanut acres is mainly because of low prices of other crops, especially cotton, and Farm Bill changes in cotton base, now called generic base, that allow producers to plant it to another covered program crop. With no other crops being competitively priced, most people have expected much of that acreage to go into peanuts.